April 17.] THE NEW ZEALAND GAZETTE. 451

them would, under the law of the place where they
are made (if there be any such law), be criminally
responsible if any statement therein be false to their
knowledge.

Proof of Death.

20. Death may be proved by the production of the follow-
    ing evidence:—
    (a.) A certificate under the hand of the medical attendant
    (if any) of the deceased during his or her last illness,
    stating the date, and place, and cause of death; and
    (b.) An examined official or certified copy or extract from
    the register or other official record of the death or
    burial; or
    (c.) A declaration, affirmation, or affidavit stating the time,
    place, and circumstances of the death, and that no
    official record of the death or burial is to be found;
    such declaration, affirmation, or affidavit to be made
    in such form and manner that the person making it
    would, under the law of the place where it is made
    (if there be any such law), be criminally responsible if
    any statement therein be false to his knowledge.

Proof of Identity.

21. The identity of the deceased with the person whose
    life is insured shall be proved by declaration, affirmation, or
    affidavit made in the manner herein prescribed with regard
    to declarations, affirmations, or affidavits as to proof of
    death, and stating the knowledge or belief of the person
    making the same as to the identity of the deceased, and
    giving with particularity the grounds of such knowledge or
    belief.

Other Proofs of Age, Death, and Identity, may be received.

22. The Board (or any officer duly authorized by the Board
    in that behalf) may accept, and shall be entitled to demand,
    proofs of age and of identity or death other than as afore-
    said, which shall to the Board or such officer appear sub-
    stantially sufficient for any of the said purposes.

Procedure where Claim is assigned.

23. When a claim is made under a policy which has been
    assigned prior to the coming into operation of "The Govern-
    ment Insurance and Annuities Act, 1874," if the deeds relate
    solely to the policy under which the claim is made, they will
    be retained by the Board; but if they relate to other matter
    a full abstract of such parts as relate to the policy must be
    furnished, together with the original deeds or documents;
    and on payment of the claim under the policy such original
    deeds or documents will be returned by the Board on an
    undertaking (free of expense to the Board) being given for
    their production when required.

Proof of Claim to be produced.

24. All powers of attorney, probates, letters of adminis-
    tration, exemplifications, or other formal proofs, orders of
    Courts, and other instruments evidencing the right of any
    person to receive any money under any policy, shall be pro-
    duced to the Board, or to such person as the Board may ap-
    point. All proofs shall be made at the expense of the person
    tendering the same.

Policy may be surrendered after certain Duration.

25. Any life-insurance policy or any endowment-insurance
    policy may be surrendered after it has been in force for a
    period of not less than two years. The method or methods
    upon which surrender values shall be calculated shall be
    such as the Board may from time to time determine. The
    Board shall, on application, pay to the person entitled to
    make such surrender the then surrender value, or, at the
    option of the person so entitled, shall grant to such person a
    paid-up policy (that is, a policy exempted from any future
    payments) equivalent to the then surrender value.

Board may grant Loans to Policy-holders.

26. The Board may, upon the application of any policy-
    holder whose policy shall have acquired a surrender value
    under the immediately-preceding regulation, advance to him,
    by way of loan, any sum not exceeding nine-tenths of the
    then surrender value of the said policy: Provided that no
    loan on any policy shall be for a less sum than five pounds.

Policy to be deposited with Board, with Mortgage signed by
Borrower.

27. In every case in which a loan shall be so granted, the
    policy in respect of which such loan is granted shall be
    deposited with the Board, and the borrower shall thereupon
    sign a mortgage of policy in the form or to the effect set
    forth in "The Life Assurance Policies Act, 1884."

Rate of Interest.

28. The rate of interest chargeable in respect of any such
    loan shall be not less than seven per cent. per annum, payable
    half-yearly at any post office where business of the Associa-
    tion is conducted, or other office of the Association at which
    the premiums on the policy may for the time being be pay-
    able.

Maturity of Policy.

29. If the moneys assured under any policy, on the security
    of which a loan has been granted, shall become payable
    during the currency of the loan, the Board shall be entitled
    to deduct from the amount assured all principal and interest
    moneys which may then be due in respect of such loan.

Investments.

30. Prior to making any investment the Board may, if it
    think fit, appoint a valuator or valuators to value the security
    or securities submitted by the applicant or in which the
    Board may propose or intend to invest; and the report of
    such valuator or valuators shall be laid before the Board
    prior to dealing with such proposed investment.

Board may refuse Loans.

31. The Board may refuse to make any loan in respect of
    any application under these regulations without being re-
    quired to assign any cause for such refusal.

Regulations not to apply to Industrial Branch.

32. These regulations shall not apply to policies issued in
    the Industrial Branch of the New Zealand Government Life
    Insurance Association.

SECOND SCHEDULE.

WITH PARTICIPATION IN PROFITS.

TABLE I.—PREMIUMS payable during whole of Life, to secure
£100, payable at Death only.

*EXAMPLES.—A person aged 30 may secure £1,000 at Death by a
yearly payment during life of £20 8s. 4d. This premium, if paid to
Private Offices, would only secure a Policy for about £850, instead of
£1,000.